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Fannie Mae: Housing Sentiment at Record High as Consumer Confidence in Home-Selling Strengthens

Monday, July 10, 2017 6:45 AM

Home Purchase Sentiment Index—Component Highlights

The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.1 percentage points in June to 88.3, matching the all-time high from February of this year. The rise can be attributed to increases in four of the six HPSI components.

Additional component highlights include:

The net share of Americans who say it is a good time to buy a home increased 3 percentage points to 30 percent.

The net percentage of those who say it is a good time to sell increased by 7 percentage points to 39 percent, rising to a new survey high for the second consecutive month.

The net share of Americans who say that home prices will go up increased by 6 percentage points in June to 46 percent after declining in May.

The net share of those who say mortgage rates will go down over the next 12 months rose 3 percentage points to –49 percent, following the trend from the last two months.

The net share of Americans who say they are not concerned about losing their jobs fell 5 percentage points to 66 percent, declining further from last month.

The net share of Americans who say their household income is significantly higher than it was 12 months ago fell 1 percentage point in June to 17 percent.